Renew your rego to July and save money
Vehicle owners shouldn’t renew their vehicle licences (‘‘rego’’) for 12 months, in order to save money ahead of forthcoming reductions in ACC levies, consumer groups say.
The Automobile Association and Consumer NZ are both advising motorists whose vehicle licences need renewing before July 2015 to renew for a shorter period so that it expires shortly after 1 July.
From that date, annual motor vehicle licence levies will reduce by an average of 45 per cent for most vehicles (except motorcycles, mopeds, trailers and caravans).
For cars less than 40 years old, the actual reduction will vary according to the car’s safety rating, calculated by ACC. The annual savings will range from $ 42-$ 132 for petrol- powered vehicles, and $82-$172 for diesels. ACC tax on petrol will also fall 3 cents per litre on July 1, 2015.
‘‘ Motorists relicensing their vehicles for twelve months now will end up paying too much. For some cars, the potential savings amount to $11 a month, so owners should think about renewing their vehicle licence for a shorter period to save money,’’ says Consumer NZ Head of Testing Paul Smith.
AA principal adviser Mark Stockdale says owners can relicence their vehicles for any length of time.
‘‘ For example, if the motor vehicle licence expires in December, only renew for seven months. To maximise your savings in February, only renew it for five months.’’
‘‘ When motorists go to AA Centres to renew their vehicle licence, our staff will advise them how many months they should relicence their vehicle to maximise savings,’’ Mr Stockdale said.
No longer safe: The bank vault – more recently a wine cellar at the White Morph hotel – succumbs to modern machinery.